One-Page Deal Sheet
Surge Lets Go of Non-Op Bakken Assets
Not Disclosed Surge Energy Inc
Announced Date
May 10,2013
Close Date
May 31,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
43
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken}
Proved Reserves
PV-10 ($MM)
Location
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Closing Announcement - June 3, 2013
Surge Energy Inc. has closed the sale of its previously announced non-core assets in North Dakota.
The non-core, primarily non-operated assets in North Dakota were sold to a Canadian oil and gas producer for a total of US$42.7 million.
Macquarie Capital Markets Canada Ltd. is acting as lead financial advisor to Surge with respect to the above. National Bank Financial Inc. is acting as financial advisor to Surge.
Surge is an oil focused oil and gas producer with operations in Western Alberta and Manitoba. Surge's common shares trade on the Toronto Stock…
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